According to the CITIC Securities Research Report, the central bank's goods policy report for the second quarter of 2026 sets the tone for “stable operation and improvement” of the domestic economy, and the international community emphasized concerns about geographical risks and AI development. The monetary policy level requires “comprehensive application and timely adjustment of monetary policy tools”, setting the tone slightly positive; the liquidity aspect requires guiding short-term capital interest rates to operate around policy interest rates, while the cost reduction level mentions promoting diversification of loan pricing benchmarks. Overall, CITIC Securities believes that the central bank may continue to increase financial support for the real economy in the next stage.

According to the CITIC Securities Research Report, the central bank's goods policy report for the second quarter of 2026 sets the tone for “stable operation and improvement” of the domestic economy, and the international community emphasized concerns about geographical risks and AI development. The monetary policy level requires “comprehensive application and timely adjustment of monetary policy tools”, setting the tone slightly positive; the liquidity aspect requires guiding short-term capital interest rates to operate around policy interest rates, while the cost reduction level mentions promoting diversification of loan pricing benchmarks. Overall, CITIC Securities believes that the central bank may continue to increase financial support for the real economy in the next stage.